FMC Corporation – Technical Analysis Daily

Written on September 15th, 2009 by Brian

Last week I was preoccupied with the Dow Jones U.S. Chemicals Index.  The DJUSCHhas been in a trustworthy up trend over the last month and recently took a quick pause offering this index a chance for consolidation. With the brisk market action today the DJUSCH is in a great place (better than most) to continue it’s trend.

My current favorite DJUSCH component is FMC Corp (NYSE:FMC quote analysis)

Like it’s parent index, FMC has confirmed it’s well into a strong new up trend. On a down day, I’m looking for a pull back to about $52.00 before jumping on. In an up-market I’ll get in now and hold on til the MACD shows signs of weakness.  

FMC Corp Stock Chart

FMC Corp Stock Chart

One Comments to “FMC Corporation – Technical Analysis Daily”

Leave a Reply

(required)

(required)